Shorting stocks hasn’t been the easiest of approaches to profiting in this market, particularly this month. Nonetheless, the bulls still remain unable to push through the 1130 level on the S&P despite a positive jobs report. One thing worth remembering, is the last topping pattern that we saw back in August lasted for seven days. Lord help us, if it takes that long again. I remain short, and added an additional short position that you can see more about by reviewing this mornings short setup – Synnex (SNX).

Tomorrow is quadruple witching so its likely we could see a lot of volatility in the markets. Consumer Price Index and Consumer Sentiment will also add a little extra to the market action too.

You Might Like

  • The Retail Trading Revolution: How Small Investors Are Reshaping the Stock Market

  • Fading the Gap: How Large Overnight Moves in SPY and QQQ Play Out During the Trading Day

  • How to Trade a Bear Flag